Day: May 11, 2023

 (in thousands) Q1 2023 Q1 2022 YOYChangeTotal Revenues $ 4,484 $ 4,548 (1.4 %)Operating Income   229   874 (73.8 %)Income Before Provision for Taxes   210   865 (75.7 %)Net Income   159   739 (78.5 %)Gross Billings*   17,587   16,645 5.7 %EBITDA*   262   927 (71.7 %)Adjusted EBITDA*   304   988 (69.2 %)Pre-Corporate EBITDA*   548   1,242 (55.9 %)* Non-GAAP measures referenced are detailed in the disclosures at the end of this release.DALLAS, May 11, 2023 (GLOBE NEWSWIRE) — Wilhelmina International, Inc. (Nasdaq:WHLM) (“Wilhelmina” or the “Company”) today reported revenues of $4.5 million and net income of $0.2 million for the three months ended March 31, 2023, compared to revenues of $4.5 million and net income of $0.7 million for the three months ended March 31,...

Revenue increases 18% year-over-year and Services Revenue grows 37% from Q3 of last year MARKHAM, Ontario, May 11, 2023 (GLOBE NEWSWIRE) — Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its third quarter financial results and unaudited condensed consolidated interim financial statements for the third quarter ended March 31, 2023. Revenue for the third quarter of fiscal 2023 was $62.76 million, an increase from the prior year of 18%.US $000 Q3 FY2023 Q3 FY2022 Change Q2 FY2023 ChangeSales $62,764 $53,366 18% $62,035 1%Gross profit $44,424 $37,201 19% $42,789 4%Operating expenses1 $43,368 $40,137 8% $44,258 (2)%Net loss $(685) $(6,755)   $(2,735)  Net...

HOUSTON, May 11, 2023 (GLOBE NEWSWIRE) — U.S. Energy Corporation (NASDAQ: USEG, “U.S. Energy” or the “Company”), a growth-focused energy company engaged in operating a portfolio of high-quality producing oil and natural gas assets, today reported financial and operating results for the three months ended March 31, 2023. FIRST QUARTER 2023 HIGHLIGHTSNet daily production of 1,726 barrels of oil equivalent per day (“Boe/d”), a 29% increase over first quarter of 2022 Produced oil volumes of 91,311 barrels, or 59% of total production Adjusted EBITDA of $1.2 million Returned $0.6 million to shareholders through quarterly cash dividend In April 2023, announced $5.0 million share repurchase programMANAGEMENT COMMENTARY “We are pleased with our operational performance in the first quarter and have continued to carry forward the momentum...

Enrollment for HPN217 (BCMA) and HPN328 (DLL3) remain on track, with data updates and selection of recommended Phase 2 doses for both ongoing clinical programs planned in 2023 Five preclinical posters presented at AACR 2023 in April on HPN217, HPN328 and ProTriTAC™ development candidates Following $25 million financing in March, cash and equivalents of $61.4 million expected to fund current operations into second half of 2024 SOUTH SAN FRANCISCO, Calif., May 11, 2023 (GLOBE NEWSWIRE) — Harpoon Therapeutics, Inc. (Nasdaq: HARP), a clinical-stage immuno-oncology company developing novel T cell engagers, today reported financial results for the first quarter ended March 31, 2023 and provided a corporate update. “Harpoon is executing its business plan in 2023 with a strengthened balance sheet, advancing multiple programs based...

First Quarter 2023 Revenue Increased $13.2 million or 7.0% Over First Quarter 2022 Gross Margin Improved by 150 basis points Over First Quarter 2022 SUGAR LAND, Texas, May 11, 2023 (GLOBE NEWSWIRE) — Team, Inc. (NYSE: TISI) (“TEAM” or the “Company”), a global, leading provider of specialty industrial services offering clients access to a full suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services, today reported its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights1:Increased first quarter 2023 revenues to $202.3 million, up $13.2 million or 7% over the 2022 first quarter, and up nearly 9% after adjusting for unfavorable foreign currency exchange movement. Improved first quarter 2023 gross margin by 14% to 23.2% of revenue, up 150 basis...

Oral GLP-1 agonist GSBR-1290 advancing into Phase 2a study in type 2 diabetes and obesity Topline data from Phase 1b multiple ascending dose and Phase 2a studies of GSBR-1290 expected in second half 2023 SAN FRANCISCO and SHANGHAI, May 11, 2023 (GLOBE NEWSWIRE) — Structure Therapeutics Inc. (NASDAQ: GPCR), a clinical-stage global biopharmaceutical company developing novel oral small molecule therapeutics for metabolic and pulmonary diseases, today reported financial results for the first quarter ended March 31, 2023, and highlighted recent corporate achievements. “We are rapidly advancing GSBR-1290, our lead program in our oral GLP-1 franchise,” said Raymond Stevens, Ph.D., Founder and CEO of Structure Therapeutics. “Type 2 diabetes and obesity are increasing in prevalence worldwide and it is important to provide patients with...

MARKHAM, Ontario, May 11, 2023 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced its financial results for the three months ended March 31, 2023. The Consolidated Financial Statements and accompanying Management’s Discussion and Analysis (“MD&A”) are available on the Company’s website at www.siennaliving.ca and on SEDAR at www.sedar.com. Sienna’s significant progress with respect to a number of strategic initiatives and its effective cost management resulted in strong year-over-year financial results in Q1 2023. “As we move further into 2023, we have many reasons to be encouraged,” said Nitin Jain, President and Chief Executive Officer. “Strong demand for our retirement residences supported significant year-over-year growth in our same-property NOI, our long-term care communities...

HOUSTON, May 11, 2023 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG) (“Koil Energy” or the “Company”), a specialist in deepwater production and distribution equipment and services, today reported results for the quarter ended March 31, 2023. Koil Energy at a Glance:Share Price†: $0.65 Cash*: $1.5M52-Week Range†: $0.42 – $0.80 Book Value*: $7.0MShares Out.†: 11.9M Price / Book Value: 1.1xMarket Cap†: $7.7M TTM Revenue: $13.1M*As of 03/31/23; †As of 05/10/23      Charles Njuguna, Koil Energy’s CEO, commented, “Our top-line results for the first quarter of 2023 are reflective of the positive trends in offshore activity that we are currently experiencing. We remain constructive on our outlook on the energy markets for 2023 and beyond and believe that we are currently in the midst of a ramp up in...

BOCA RATON, Fla., May 11, 2023 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq:FPAY) (“FlexShopper”), a leading national online lease-to-own (“LTO”) retailer and payment solution provider for underserved consumers, today announced its financial results for the quarter ended March 31, 2023. Results for Quarter Ended March 31, 2023 vs. Quarter Ended March 31, 2022:  ● Total fundings increased 29.2% to $27.4 million from $21.2 million consisting of gross lease originations decreasing from $16.3 to $13.2 million, loan participations decreased ~96.2% from $4.9 million to $0.2 million, and loan originations increasing from $0 to $14.0 million       ● Total net lease and loan revenues and fees increased 6.3% to $30.8 million from $28.9 million       ● Gross profit increased 45.2% to $13.6 million from $9.4 million       ● Adjusted...